On the go: More than a quarter of defined benefit pension schemes are only aiming for minimum compliance with new rules and regulations around climate change, the challenge of which should not be underestimated, LCP has warned.
Self-employed pension contributions rise despite pandemic impact
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August 12, 2021
On the go: Scheme members are paying more into their pensions in 2021 than in 2020, with the largest monthly contributions coming from the self-employed, according to figures from PensionBee.
PASA updates GMP guidance in light of Lloyds 2020 judgment
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August 11, 2021
The Pensions Administration Standards Association has updated its guaranteed minimum pension equalisation to account for the Lloyds 2020 judgment, setting out the role of transferring schemes and receiving plans in individual transfers.
Master trusts to hit £461bn by 2029
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August 10, 2021
Data crunch: The master trust sector is set to become the fastest-growing market segment in workplace DC by 2029, largely thanks to contributions from auto-enrolled members and consolidation of single employer trusts.
Ombudsman criticises civil service pensions administrator
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August 9, 2021
The Pensions Ombudsman has partially upheld a complaint brought against MyCSP, which administers Civil Service Pensions, for causing “significant distress” in its handling of an overpayment case.
Employer seeks £265,000 in damages from Plumbing Pensions
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July 25, 2021
A plumbing employer has filed a summons at the Court of Session in Edinburgh seeking more than £265,000 in damages from Plumbing Pensions over its alleged repeated failures to manage the scheme’s Section 75 debt.
Weekly Roundup: A bad week for the DWP
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July 22, 2021
This week – DWP loses court battle on PPF cap, PHSO takes aim at the department over ‘maladministration’, USS employers pledge greater covenant support, and government U-turns on minimum pension age.
Too much jargon hampers sustainable investing drive
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July 22, 2021
Podcast: Georgia Stewart, chief executive of Tumelo, and Chris Hulatt, co-founder of Octopus Group, talk sustainability, inter-generational fairness and cryptocurrencies.
Too much jargon hampers sustainable investing drive
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July 22, 2021
Podcast: Georgia Stewart, chief executive of Tumelo, and Chris Hulatt, co-founder of Octopus Group, talk sustainability, inter-generational fairness and cryptocurrencies.
Ombudsman slaps fine on ‘reckless’ trustee for multiple breaches
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July 21, 2021
The Pensions Ombudsman has upheld a complaint against the trustee of a small pension scheme for multiple breaches of trust and instances of malpractice, while demanding they reimburse the scheme to the tune of hundreds of thousands of pounds.